Asked by Sam Goh
Hi agents, If i have a condo in join name with my spouse and wish to transfer her share to my name in order to avoid ABSD in buying one more property in my spouse's name and for her to take an 80% loan, (1) Is that a good idea? (2) what is the procedure and cost involved in name transfer for a property assuming the value of my property is $950k? Thanks
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cashing out is not a good idea when the rental returns is rather good for the condo we have. The main idea is to avoid the absd and buy another condo in my wife's name. I am only in my thirties so holding on to properties would be better than having cash. Buying in the current market would be a challenge especially as you have mentioned, prices are at historical highs